(ABM FN-Dow Jones) Tesla produced and delivered fewer vehicles last quarter than in the previous quarter. America’s electric car makers announced this on Monday in preparation for the figures they will report later this month on October 18.
Tesla produced 430,488 vehicles in the last quarter, while delivering 435,059 units.
A total of 416,800 cars of type 3 and Y were produced. 13,688 of the S and X models were produced.
In the second quarter, Tesla produced 479,700 vehicles, while delivering 466,140 vehicles.
According to Tesla, the quarterly decline is the result of a temporary suspension of production, intended to improve factories, as also announced.
“Our 2023 target of approximately 1.8 million units remains unchanged,” Tesla said Monday.
Tesla shares appear to have started Monday nearly 4 percent lower.
Source: ABM Financial News
ABM Financial News is a distributor of stock market news, videos and data, to real-time trading platforms and trading rooms and to online and offline media publications. The information in this article is not intended as professional investment advice or as a recommendation to make a particular investment.
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